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Cool chain firms can boost margins and reduce waste using the Internet of Things

26/12/2018 08:38:07    Author TNC    105

 

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Companies will spend $434.9bn on Internet of Things (IoT) technology by 2023, more than double last year’s IoT expenditure of $186.1bn, according to Forrester Research.
Spend on software platforms will be in the vanguard. It is expected to surge 34.2% annually to reach $8.7bn in 2023
Expectations are particularly pronounced for perishables supply chains. According Zest Labs, an AgTech that specialises in post-harvest shelf life and freshness management, food wholesalers and retailers could boost their margins and reduce waste by as much as 50% through a strategic use of IoT sensors and real-time analytics.

Source:theloadstar.co.uk/coolstar/cool-chain-firms-can-boost-margins-reduce-waste-using-internet-things/
 

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